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. >> in hard hit states many foreigners smell a bargain. latin americans in florida, mexicans in texas. while the chinese focus on california, and nowness. >> for the regular house in china it's over a couple million dollars. but, you know, here they can only buy for less than $1 billion chinese dollars. >> economically there is not a problem. it's something for the united states to watch politically. >> analysts who study the chinese say unlike the japanese who bought american landmarks in the '80s or columbian drug houses. >> they are not looking to make a splash or to change nerk their image. they are trying to just as i said, have a place to go if there is trouble. >> these are not the ordinary chinese where the annual income is $5,000 a year. one of the billion chinese millionaires helping the family. and u.s. real estate recover from the process. bret? >> bret: william la jeunesse in los angeles. thank you. still ahead -- get ready to open your wallet again. we will tell you what you will be paying for like it or not. first, will egypt's new president pay the price for a power grab? sto
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